Which of the following is a microeconomic statement?
A. The price of personal computers declined 4.7 percent last year.
B. The real domestic output increased by 2.3 percent last year.
C. The general price level increased by 3.1 percent last year.
D. Unemployment was 6.5 percent of the labor force last year.
Answer: A
Economics
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The government can increase aggregate demand to combat unemployment and decrease aggregate demand to combat inflation
Indicate whether the statement is true or false
Economics
Figure 4-16
In Figure 4-16, an increase in the number of producers will shift supply from
a.
S1 to S2.
b.
S2 to S1.
c.
S3 to S2.
d.
S3 to S1.
Economics